TNB forays into international offshore wind market

As part of its renewables portfolio expansion, TNB’s international subsidiary Vantage RE Ltd acquired a 49% stake in Blyth Offshore Demonstrator Ltd (BODL), an offshore wind farm company in the UK, from EDF Renewables (EDFR), with installed capacity of 41.5MW and further development rights of up to 58.4MW. This is TNB’s first foray into off-shore wind assets with a strong partner and TNB aims to build expertise in this technology and beyond.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) acquisition of a 49% stake in offshore wind farm company, Blyth Offshore Demonstrator Ltd (BODL), marks its maiden entry into the international offshore wind market and also enhances its renewable energy (RE) portfolio.

The utility giant is targeting to grow its RE capacity to 8,300MW by 2025.